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Summary JGM1 Task 3 Career Management.docx JGM1 Task 3: Career Management MBA Capstone Competencies for the Tasks 1, 2, and the Simulation: As I worked through the Capstone simulation, there were many competencies that WGU put in place to ensure my success$7.49
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Summary JGM1 Task 3 Career Management.docx JGM1 Task 3: Career Management MBA Capstone Competencies for the Tasks 1, 2, and the Simulation: As I worked through the Capstone simulation, there were many competencies that WGU put in place to ensure my success
JGM1 Task 3 Career M JGM1 Task 3: Career Management MBA Capstone Competencies for the Tasks 1, 2, and the Simulation: As I worked through the Capstone simulation, there were many competencies that WGU put in place to ensure my success in the simulation. Competency 3018.1.4: Organizational Pe...
Running Head: EHM1 Task 1
JGM1 Task 3: Career Management
MBA Capstone
Competencies for the Tasks 1, 2, and the Simulation:
As I worked through the Capstone simulation, there were many competencies that WGU put in place to ensure my success in the simulation. Competency 3018.1.4: Organizational Performance Methods, Competency 3013.1.1: Marketing Function, and Competency 3016.1.1: Quality Management Methods are three competencies that I would like to highlight, as it pertains to this class. Competency 3018.1.4: Organizational Performance Methods, ensured that I was capable of analyzing methods to improve organizations. Each task within the simulation held numerous methods on how each situation could be handled. I needed to analyze the market, surveys, previous quarters, etc. in order to make the best decisions for my organization. For task 1, I simply presented my organization, and communicated the decisions that I had to make over the first 4 quarters. Within task 2, I reflected on and analyzed the decisions I made. I also had to determine which decisions I would have changed, given a second chance.
The competency 3013.1.1: Marketing Function, taught me to analyze the global market. Not to sound repetitive, but a majority of the simulation was simply reviewing the global markets
and identifying opportunities to gain a competitive advantage through marketing activities. The simulation made it easy by introducing different marketing methods slowly over the course of the 6 quarters. I worked through task 1, I had to sell how well my organization did against the market. A great deal of my organization’s success is due to how well I studied the market to make the best decisions. This analysis was further portrayed in task two. As I broke down many of the financial ratios and cash flow activities, I explained how well I did because of this competency. Finally, the competency 3016.1.1: Quality Management Methods has been the most beneficial competency that I have mastered. Quality control/management is close to my heart, and having high quality products within the simulation help to increase demand, allows you to maintain a premium price to maximize profits, and helps to build your organization’s reputation. The investment in R&D, our continual purchasing of the quality inspections, and investing in Running Head: EHM1 Task 1
both of the quality control improvement actions were ways that I made sure my organization prioritized quality within tasks one and two. The costs of these investments definitely paid off in the long run.
Competencies for Future:
The previously noted competencies, just as in the simulation, will help create/improve any organization I create or join once I have obtained my MBA. By obtaining knowledge of market functions, I will be a great aid to any organization. I will be able to use the tools that I have learned to help plan and make improvements. Although my experience will come from a simulation, I will have had ample practice analyzing a market. Being able to understand the strengths and weaknesses of my organization and others in the market will definitely be a great help. Lastly, understanding the importance of quality is a skill that every organizational leader is looking for. Highly quality work and products go a long way in any market.
S.M.A.R.T Goal:
As I prepare for life post-graduation, I have to take a hard look at what I want to achieve in life. Looking through a S.M.A.R.T. lens, my first step is to set a specific goal. Being an IBO (independent business owner) through Amway, I set monthly goals as is. I now would like to grow my monthly customer volume to 300 points. This is about roughly $1,000 in customer sales. This goal is important to me for many reasons. The most obvious reason is the income. Secondly, to grow my personal business.
This goal is probably one of my easiest goals to measure. I simply can look to see if I have reached it or not. Through my website, customers can set up ditto orders. This makes tracking my progress simple. This helps me to make more accurate predictions as well.
The goal of increasing customer volume is definitely achievable. Many organizations volume increases over time as the organization builds rapport with customers and establishes themselves. For my business, successfully achieving this goal looks like product samples, effective advertising, product showings, etc.
The relevance of this goal is both personal and from a business owner point of view. The goal with Amway is to create passive income to aid or replace the income from my current job. By accomplishing this goal I can continue to grow and set higher goals for myself. This will
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